The Online Investor
Diagnostics M&A image Diagnostics M&A » By The Online Investor Staff, updated Sat., Sep. 19, 11:59 AM Recent mergers and acquisitions in the Diagnostics M&A category.

Slide #37. Cross Country Healthcare Assets of Allied Healthcare Business

Acquirer: Cross Country Healthcare (NASDAQ:CCRN)
Acquiree: Assets of Allied Healthcare Business
Details: Cross Country Healthcare, Inc. (NASDAQ:CCRN), a leading provider of healthcare staffing solutions, announced today that it has acquired the operating assets of On Assignment, Inc.'s Allied Healthcare staffing division for an aggregate purchase price of $28.7 million, subject to immaterial post-closing adjustments. Excluded from the transaction were the accounts receivable, accounts payable and accrued compensation of the business being acquired. Cross Country utilized a combination of approximately $24.5 million cash on hand and $4.5 million borrowings under its credit facility to fund the asset acquisition and related costs. Subsequent to the transaction, Cross Country has approximately $21 million of remaining availability on its revolver loan. Based on unaudited financial statements, the acquired Allied Healthcare business generated $39.5 million in 2012 revenues and is projected to generate approximately $41 million of revenues for all of 2013. The acquisition is expected to be accretive to Cross Country's 2014 earnings by approximately $0.04 per diluted share.

Cross Country Healthcare provides talent management, including workforce solutions, contingent staffing, permanent placement and other services for healthcare clients. Co.'s segments include: Nurse and Allied Staffing, which provides workforce solutions and staffing, including temporary and permanent placement of travel nurses and allied professionals, as well as per diem and contract nurses and allied personnel; Physician Staffing, which provides physician staffing service, certified registered nurse anesthetists, nurse practitioners, and physician assistants; and Search, which serves as a direct-hire talent acquisition partner to healthcare organizations and academic institutions.

CCRN SEC Filing Email Alerts Service

Open the CCRN Page at The Online Investor »

Company Name: 
Cross Country Healthcare Inc
Number of ETFs Holding CCRN: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the CCRN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Hold (2.33 out of 4)
10th percentile
(ranked lower than approx. 90% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Diagnostics M&A - Slide 37 of 100 Page |

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.